Nicholas Hoffman & Company LLC. Buys Shares of 919 Autodesk, Inc. (NASDAQ:ADSK)

Nicholas Hoffman & Company LLC. bought a new stake in Autodesk, Inc. (NASDAQ:ADSKFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 919 shares of the software company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bouvel Investment Partners LLC grew its stake in Autodesk by 0.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after purchasing an additional 44 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Autodesk by 3.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after purchasing an additional 45 shares in the last quarter. Goodman Advisory Group LLC grew its stake in Autodesk by 0.4% in the fourth quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock valued at $2,770,000 after purchasing an additional 49 shares in the last quarter. Curbstone Financial Management Corp grew its stake in Autodesk by 0.5% in the fourth quarter. Curbstone Financial Management Corp now owns 9,760 shares of the software company’s stock valued at $2,376,000 after purchasing an additional 50 shares in the last quarter. Finally, Zions Bancorporation N.A. lifted its position in shares of Autodesk by 8.7% in the first quarter. Zions Bancorporation N.A. now owns 635 shares of the software company’s stock worth $136,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ADSK. KeyCorp boosted their price target on Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. TheStreet raised Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $316.00 price target on shares of Autodesk in a research report on Friday, April 12th. Piper Sandler Companies boosted their price target on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, StockNews.com raised Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $272.44.

Check Out Our Latest Analysis on Autodesk

Insider Activity

In other news, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares in the company, valued at approximately $27,354,327.87. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the sale, the director now directly owns 38,766 shares in the company, valued at approximately $10,262,910.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares in the company, valued at $27,354,327.87. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,166 shares of company stock worth $9,465,055. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Up 2.8 %

Autodesk stock opened at $216.50 on Monday. The business has a 50 day moving average price of $251.86 and a two-hundred day moving average price of $235.39. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The stock has a market cap of $46.31 billion, a price-to-earnings ratio of 51.43, a price-to-earnings-growth ratio of 2.98 and a beta of 1.43. Autodesk, Inc. has a 12 month low of $188.38 and a 12 month high of $279.53.

Autodesk (NASDAQ:ADSKGet Free Report) last posted its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.95 by $0.14. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. As a group, equities analysts forecast that Autodesk, Inc. will post 5.38 EPS for the current year.

Autodesk Company Profile

(Free Report)

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.

Further Reading

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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